State Governments Are Starting To Ban Delta-8 THC
State Governments Are Starting To Ban Delta-8 THC
Last month, a warning was raised by a chemist on the constituents of delta-8 THC, its production techniques, and other unknowns.
Delta-8 THC is fast becoming an ever-present compound. While this may seem like good news, it is a thing of concern. There seems to be a lot of misinformation about this compound, with a lot of concerns about the production, labeling, and marketing strategy.
Colorado has recently banned sales of delta-8 THC products, and other states like Vermont have already removed it from the shelves.
Demand Is Booming For Delta-8
Demand Is Booming For Delta-8
This controversial compound is making its way into all manner of products on the hemp market, and earning top dollar for those willing to take a chance on its uncertain future.
According to the January 2021 Hemp Benchmarks report, there is an increasing demand for delta-8 THC, which is not derived from hemp plant material but synthesized from extracted CBD. This is helping drive sales of crude CBD oil, CBD Isolate, and some wholesale CBD products.
As the popularity of delta-8 THC increases, Hemp Benchmarks observed a consistent decline in prices. Despite the fact that trading volumes of delta-8 THC remain a small proportion of those for CBD products, it is the fastest-growing product in the hemp sector as of the January report. A Tennessee processor told Hemp Benchmarks that they have seen as many as about 20% of their CBD customers shift to purchasing delta-8 THC.